Legal Question in Business Law in New York
An LLC that I'm a partner in was being sued for money owed and now I am being sued personally for the money although it was loaned to the company. Is this legal ?
2 Answers from Attorneys
Under most circumstances a member of an LLC is not personally liable for the debts of the LLC. However, there are exceptions, and whether or not you're in one of those exceptional circumstances will not automatically halt the litigation.
In order to determine whether it will be possible to obtain a dismissal will depend upon the allegations in the complaint and the facts of your situation. If you'd like to discuss the matter, please feel free to get in touch.
We have substantial experience handling these types of cases, however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.
Gordon
Law Offices of
STEVEN J. CZIK, P.C.
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New York, New York 10013
212.413.4462
The information provided by The Law Offices of Steven J. Czik, P.C. (LOSJC) is for general educational purposes only. There is no attorney-client relationship established by this communication and no privilege attaches to such communication. LOSJC is not taking and will not take any action on your behalf and will not be considered your attorney until both you and LOSJC have signed a written retainer agreement. There are strict deadlines, called statutes of limitation, within which claims or lawsuits must be filed. Therefore, if you desire the services of an attorney and decide not to retain LOSJC on terms acceptable to LOSJC, you are advised to immediately seek the services of another attorney.
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